Top 15 Richest F1 Drivers List in 2023 - 1. Michael Schumacher 2. Eddie Jordan 3. Don Schumacher 4. Lewis Hamilton 5. Fernando Alonso and others.
However, getting this show that costs a billion dollars on the road is not an easy task. Massive investments are required, one of which is the payment of drivers. The drivers put everything at risk for the sake of the sport and the excitement.
They have to add a lot of effort into their employment and training, so they should receive more rewards in their bank accounts.
Formula One racing drivers receive a lucrative salary and the glamorous lifestyle that comes with the sport. The wide range of sponsors and advertisers who are willing to pay billions of bills just to promote their name plays a vital role as well.
15 Richest F1 Drivers List Ranked through Their Net Worth
|Name||Net Worth (in USD)|
|Lance Stroll||50 million|
|Nico Rosberg||50 million|
|Alain Prost||100 million|
|Eddie Irvine||120 milion|
|Sebastian Vettel||140 million|
|Jenson Button||150 million|
|Jimmie Johnson||120 million|
|Valentino Rossi||120 million|
|Jeff Gordon||200 million|
|Kimi Raikkonen||250 million|
|Fernando Alonso||240 million|
|Lewis Hamilton||285 million|
|Don Schumacher||300 million|
|Eddie Jordan||600 million|
|Michael Schumacher||780 million|
15. Lance Stroll - $50 Million
Lance Stroll has a net worth of 50 million dollars in 2023.
In 2017, Stroll participated in his first Formula One race for the Williams team. He took Felipe Massa's spot on the team.
He raced in Formula 3 in 2015 before moving up to the F1 level. During his first year competing in Formula One, he got off to a rough start by retiring three times and finishing outside the points three times. Stroll's first year with Racing Point did not provide any particularly noteworthy results.
Stroll used the team's 2020 vehicle to demonstrate his actual capabilities, even though he got off to a less-than-stellar start in his racing endeavors with the Silverstone outfit.
Stroll joined Sebastian Vettel on the Aston Martin Formula One team in 2021 and drove alongside him. He three million dollars every year in earnings.
14. Nico Rosberg - $50 Million
Nico Rosberg has a net worth of 50 million dollars in 2023.
Nico Rosberg, a German driver who formerly competed in Formula One, made his debut with the Williams team in 2006. After 2009, he started working for Mercedes.
Keke Rosberg, a former world champion in Finland, is the father of Rosberg. After defeating the formidable Lewis Hamilton and claiming the championship in 2016, he decided to hang up his helmet and retire. Additionally, he has been victorious over Michael Schumacher throughout his career.
Sky, RTL, Heineken, Mattel, UBS, and Boss are among the companies that support Rosberg.
13. Alain Prost - $100 Million
Alain Prost net worth is 100 million dollars in 2023.
Prost is a former French Formula One driver who turned down the opportunity to make his F1 debut at the season-ending race of the 1979 season despite being offered the opportunity.
After he had retired from racing, he joined the Prost Racing team. But he was never able to have great success with them. After that, Prost became a member of the Renault e.Dams Formula E team in the year 2013 and stayed with them until the year 2017.
After that, Renault decided to take him on as a special consultant for the Renault Formula One Team.
A conservative estimate places this racer's net worth at 100 million dollars. In addition, he triumphed in a legendary charity race for $500,000 in 2005.
12. Eddie Irvine - $120 Million
Eddie Irvine has a net worth of 120 million dollars following his retirement.
Irvine, a former racing driver from the United Kingdom, made his debut in Formula One in 1993. Over nine years, he has enjoyed a successful and profitable career. He also took first place in the Australian Grand Prix in 1999.
Although he retired in 2002, people still remember him even if he is no longer actively working. As well as being a wealthy real estate investor, he has established himself as a well-known figure in the British media.
11. Sebastian Vettel - $140 Million
Sebastian Vettel retired in 2022 and has a net worth of 140 million dollars.
In the world of auto racing, Sebastian Vettel is undoubtedly one of the most recognizable names. He has taken over the Formula One World Championship four times.
His first and only outing on the track came in 2007 when he stood in for Robert Kubica in a single race. 2008 became the year of his maiden triumph.
He switched to the Red Bull Formula One team in 2009 and remained with them until the end of the 2014 season. Following that, he went to work for Ferrari.
Because of his lucrative deal with Ferrari, which calls for an annual payment of $36.3 million plus bonuses, Alonso will be one of the wealthiest drivers by 2020. His time spent with Red Bull and Ferrari contributed significantly to his total earnings of 140 million dollars during his career.
In addition, he sealed a deal to drive for Aston Martin in the 2021 season. Because of this, he is currently being compensated with a salary of 13 million dollars.
10. Jenson Button - $150 Million
Jenson Button has a net worth of 150 million dollars. He was the F1 championship winner in 2009.
Button, a racing driver from the United Kingdom who also competed in Formula One, is presently competing in the Japanese Super GT Series for Team Kunimitsu, a series in which he won the championship in 2018.
2009 saw him take home the title of Formula One World Champion. His professional debut came during the 2000 campaign with the Williams team. After that, he went to work for Renault, and after that, he joined British American Racing. In 2004, Button earned a third-place finish in the World Driver's Championship, behind the two Ferraris that finished ahead of him.
The Hungarian Grand Prix was Jenson's first victory in a Formula One event.
2017 marked Jenson Button's return to the Formula One racing series. His first race back was the Monaco Grand Prix when he took Fernando Alonso's position.
A 1956 Volkswagen Campervan, a Honda S600, a Mercedes C63 AMG, and a McLaren P1 are some of the automobiles in his collection.
9. Jimmie Johnson - $160 Million
Jimmie Johnson is a NASCAR series legend with a net worth of 160 million dollars.
Jimmie Johnson, an American professional stock car racing driver, has won the Monster Energy NASCAR Cup Series seven times during his remarkable career.
2006 was the year that Johnson won his first series. After that, he went on to win many championships in a row in 2007, 2008, 2009, and 2010. Because of this, he was the first and only NASCAR driver in the whole history of the sport to accomplish this feat.
He has earned a total of 10 million dollars due to his sponsorships.
8. Max Verstappen - $200 million
Max Verstappen net worth is 200 million dollars in 2023. Max is arguably one of the best racers in the world right now.
One of the fascinating Formula One drivers is Verstappen, who hails from Belgium and the Netherlands. He is very close to being on the same level as Lewis Hamilton.
Because of his incredible driving talents, Verstappen is shattering all kinds of athletic records. And as a consequence of it, he is now amassing all the wealth. His present wealth is valued at two hundred million dollars.
He is now placed 26th on the list of the highest-paid athletes published by Forbes. The youthful superstar of Red Bull is also the youngest person to be inducted into the Dutch 500.
He has a magnificent private plane worth 12 million British pounds. The aircraft is a Falcon-900EX, with engines manufactured by Honeywell and a range of over 9,500 kilometers. In addition, it can reach high speeds of up to 552 miles per hour.
Max resides in a penthouse apartment in Monte Carlo worth 13 million pounds.
7. Jeff Gordon - $200 million
Jeff Gordon has earned a net worth of 200 million dollars as a racer and game analyst.
Gordon, a former driver for Hendrick Motorsports and FOX NASCAR, currently works as a pundit for the former and is also employed by the latter organization in an executive capacity.
Jeff Gordon is the only one in the history of the sport to have won the Winston Cup, which is now known as the Sprint Cup Series, four times. Gordon is the record holder for being the youngest driver ever to win a NASCAR championship, having been 24 years old before the completion of the 1995 season.
2019 marked the year that he was inducted into the NASCAR Hall of Fame. Additionally, he was selected as one of the 50 Greatest Drivers in the history of NASCAR, and ESPN ranked him tenth on their list of the 25 Greatest Drivers of all time.
According to Forbes, he has a career income of 515 million dollars, which places him as the eighteenth highest-paid athlete in the history of the sport.
6. Kimi Raikkonen - $250 million
Kimi Raikkonen has made a net worth of 250 million dollars from racing. Kimi retired in 2021 as one of the best to grace McLaren.
Raikkonen, a former Formula One driver from Finland, has competed for several teams throughout his career, including Sauber, McLaren, and Ferrari.
In 2007, he won Formula One by just edging out Lewis Hamilton and Fernando Alonso by one point to claim the title. During that time, he was working for Ferrari.
Additionally, Raikkonen is the current record holder for most Formula One starts. With a wealth valued at 250 million dollars, he is one of the most successful racers.
After he won the championship in 2007, he brought in a salary of around 50 million dollars per year.
5. Fernando Alonso - $260 million
Fernando Alonso made a net worth of 260 million dollars.
Fernando is the best Spanish racer ever on the track but Carlos Sainz Jr has made some strides over the years.
Alonso made his debut alongside Kimi Raikkonen in 2001. His first season was spent with Minardi, but he moved on to Renault the following year.
Alonso is widely considered to be one of the very finest drivers of his era. After finishing his tenure with Renault, he moved on to McLaren for a year before returning to Renault the following season. In 2010, he signed on with Ferrari and remained with the company until 2014.
In 2018, Alonso decided to retire from racing. However, his retirement was cut short. Alonso announced that he would be rejoining Renault in July 2020. After two prior spells with the Enstone organization, Alonso has returned to the French squad and will compete for them once again.
The staggering sum of 33 million dollars was the pay that he received from McLaren for the final season of his career there.
4. Lewis Hamilton - $285 million
Lewis Hamilton has a net worth of 285 million dollars. He is the highest-earning active racer in the world right now.
Sir Lewis Hamilton MBE, a British driver who competes in F1 racing, is one of the most recognized names in auto racing.
During the 2018 Formula One season, he competes for the Mercedes AMG Petronas team. 2007 was the same year that he made his debut, the same year that Fernando Alonso did as well.
Hamilton is the only driver in F1 history to have won the Drivers' World Championship more than once. He has 75 victories to his credit, making him the runner-up for most Grand Prix wins.
When we look at his whole wealth, we see that it is around 285 million dollars, according to estimates. In 2015, Lewis Hamilton signed a contract with the Mercedes Formula One team worth an estimated total of $120 million over three years, with a guaranteed income of $31 million per year and the potential for a bonus of up to $10 million.
In addition, Hamilton topped the list in 2018 of the wealthiest F1 drivers, as compiled by Forbes.
His collection of opulent automobiles includes the likes of the Pagani Zonda 760 LH, the 1966 Shelby Cobra 427, the Mercedes AMG SLS Black Series, and the Mclaren P1; he has a Bombardier Challenger 605 private aircraft in his possession.
3. Don Schumacher - $300 million
Don Schumacher is a former racer with a net worth of 300 million dollars.
Most of his earnings came from his business as a racing team owner.
In the early 1960s, Schumacher made his first appearance in drag racing, and he rose to fame in the sport almost immediately afterward. He was a part of the world of drag racing for eleven years. At this time, Schumacher serves as the public face of Schumacher Electric. This firm is consistently ranked as one of the top manufacturers of chargers all over the world.
In the middle of the 1990s, Don went back into the racing circuit, although he did not participate in any races. He returned as the new proprietor. Tony Schumacher, his son, was a successful racing car driver.
Therefore, Don assembled a group of people to work with him.
Don Schumacher Racing is under Schumacher's supervision at this point. On the racetrack, his squad is consistently regarded as having one of the most menacing presences.
2. Eddie Jordan - $600 million
Eddie Jordan is a former racing driver from Ireland who has a net worth of over 600 million dollars.
His career as a Formula One racer has been highly fruitful in terms of success and wealth.
Even though he thoroughly liked the rush, Jordan decided to stop racing. He was interested in doing something that would help him manage the careers of other racers. He is the driving force behind many up-and-coming Grand Prix drivers. Many successful racers, like Damon Hill and Martin Brundle, credit their achievements to him.
Eddie Jordan Racing was the name of Jordan's first team, which he established at the tail end of 1979. During 1981, this squad fielded drivers David Leslie and David Sears at various events held all around the United Kingdom.
James Weaver served as the primary driver for him in 1982. The following year, in 1987, he hired Johnny Herbert. Following that, Johnny was crowned champion of the British Formula Three Championship.
The latter part of the 2000s saw Eddie's team realize its full potential. Eddie, however, had to sell his club in January of 2005 owing to financial difficulties and legal issues.
Since 2009, Eddie has established himself as one of the three primary broadcasters for the BBC's coverage of the Grand Prix, alongside Jake Humphrey and David Coulthard. In addition to that, he is actively involved in a large number of investment firms in addition to other economic endeavors.
1. Michael Schumacher - $700 million
Michael Schumacher is the richest racer with a net worth of 700 million dollars in 2023.
Schumacher is widely recognized as one of the most recognizable figures in the Formula One racing world.
Throughout his career, the legendary Formula One driver has amassed seven World Championships and 91 victories.
The legendary figure from Germany has received great praise during his career. Before Lewis Hamilton and Mercedes were on the scene, Michael Schumacher was the jubilant owner of most records.
He led the Italian team to five straight World Championships in Formula One during a time when Ferrari was unbeatable. As a result, his name has become synonymous with Ferrari.
Because he has had such a successful racing career, Michael Schumacher is now one of the wealthiest Formula One driver in the world. According to estimates, his wealth is a staggering 780 million dollars.
After returning to Formula One, Michael Schumacher earned an annual salary of around 30 million pounds. In addition, he has a career earnings total of over one billion dollars, making him one of the highest-paid racers ever.